Urban Water Bodies

Hyderabad Lakes 2025: Degradation Continues Amid HYDRAA Efforts

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Wetlands

WWD 2026: Top Ten Judicial Interventions to Protect Wetlands in India

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Wetlands

WWD 2026: Govts Wetlands Protection Actions mostly fail to convince

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Dam floods · Urban Flood · Urban Rivers

2025: Dam Induced Urban Floods in India

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Ken Betwa Project

Yamuna Manthan 050924: Changing parameters of Ken-Betwa Project needs fresh appraisal?

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DRP News Bulletin

DRP NB 050224: IMD needs to improve forecasting and sharing, but doing the opposite?

(Feature Image: Climate change catoon by Jug Suraiya & Partho Sengupta. ToI, 23 June 2018)

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Wetlands

WWD 2024: Top Ten Citizens Actions for Wetlands Protection in India

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Wetlands

WWD 2024: Lot of schemes for India’s Wetlands-Little Credible Action

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DRP News Bulletin

DRP NB 230123: Welcome decision of FAC to deny clearance to Etalin HEP

(Feature Image:- Upper Dibang Valley District, Arunachal Pradesh, India (Source: Wikipedia Commons/IWP)

It’s rather rare that we get a hydropower project related decision from official decision makers that can be welcomed. It has happened this week when the MoEF’s (Ministry of Environment, Forests & Climate Change) Forest Advisory Committee declined to give forest clearance to the controversial 3097 MW Etalin Hydropower Project in Dibang sub basin of Brahmaputra basin in Arunachal Pradesh and North East India. The project was under consideration for this clearance since 2014 and finally in the meeting on Dec 27, 2022, FAC conveyed that the current proposal cannot be considered for the clearance and revised proposal may be submitted. It is not a blanket rejection of the project, but considering the history of consideration of this project in FAC, it is closest we can come to that.

It is also welcome to know that the FAC has also looked at the poor track record of compliance of conditions of earlier forest clearances for the hydropower projects in Arunachal Pradesh among the many reasons why the project is rejected in current form. Arunachal Pradesh may do well to improve its track record before applying for forest clearance to any new projects in the state.

This decision is also a lesson for the MoEF’s Expert Appraisal Committee on River Valley Projects and also for MoEF itself for not even looking at the track record of compliance of the conditions of environment clearances that the EAC and MoEF give to the river valley and hydropower projects. They also never look at the implementation of the Environment Management Plans. Same is the case with the MoEF’s National Board of Wildlife.

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DRP News Bulletin

DRP NB 191222: Question marks over viability of pump hydro projects

(Feature Image: 1772 Mw PSHPs Spain. Photo courtesy of Iberdrola/ ENR)

The question marks over viability of huge number of pump storage hydro projects (PSHP) being pushed forward in India currently were flowing in the rivers for long. This week, Moody’s investors Service (MIS) seems to have strengthened this after it downgraded Greenko Energy Holdings’ corporate family rating. It may be noted that Greenko is the biggest investor in PSHPs in India from private sector and a major part of Greenko’s new investments are in PSHP.

This makes the implications of MIS’s downgrade all the more interesting. MIS has noted that PHSPs are capital intensive and each PHSP will generate cash flow only after at least 2-3 years of construction (in reality it can be much longer than 2-3 years, the operative phrase here is at least). It also noted that the additional debt to be raised from Greenko’s capital spending, coupled with a rising interest environment will put further pressure on “GEH’s already weak financial metrics” and that Greenko’s high financial leverage due to its substantial capital spending program will keep its financial metrics below its downgrade trigger “for an extended period of time”.

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